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Current Attempt in Progress

Crane Corporation purchased factory equipment that was installed and put into service on January $2,2025$ at a total cost of $$140000.$ Salvage value was estimated at $$8000.$ The equipment is being depreciated over four years using the double$-$declining balance method. For the year $2026,$ Crane should record depreciation expense on this equipment of

$$66000.$

$$35000.$

$$33000.$

$$70000.$